Based on the last 12 NAB Business Confidence events in Australia, we expect a 0 pip movement on FF within 12 hours following the event release at 11 Feb 00:30 UTC. We expect FF to trend downwards 12 hours following the event release at 11 Feb 00:30 UTC if the released value is < 0 Historical events that allowed us to draw this conclusion
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
